Tuesday, June 22, 2021

Tag: Bank Charges

Action will be taken against the bank which collects UPI fees

The central government has abolished the Lagan Merchant Discount Rates (MDR) charge for digital transactions in the country. The biggest thing is that if your bank charges any charges for digital payments, the government will take action. On Sunday, the CBDT once again issued a circular for banks. The new directive once again asks banks not to char...

Banks are charging more at its discretion in online payments

Banks are maneuvering to extort more money from customers even in the face of the Corona epidemic. If you are making online payments through the Unified Payment Interface (UPI) more than 20 times a month, you should be prepared to pay a higher charge. Most of the private banks have started charging extra for online payments in excess of the pres...